A document obtained by The Miami Heraldindicates that Miami Marlins CEO Derek Jeter, who has slashed payroll since purchasing the team late last year, expects the Marlins' new ownership group to turn a profit in 2018.

The document, which was circulated to potential investors in August, is titled "Project Wolverine" in a nod to Jeter's home state of Michigan.

According to The Herald, the document projects a "cash flow" profit of $68 million this year as the result of cutting payroll, increased ticket revenue and increased corporate sponsorship revenue. That figure is also dependent upon a one-time payment as part of a renegotiated television deal and a payout that all teams will receive upon the sale of an MLB digital-media company, according to the newspaper.

The document, which was circulated to potential investors the same month that Jeter's group purchased the Marlins, projected a payroll of $90 million for 2018, indicating Jeter's plans to cut payroll upon his purchase of the team.